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Asset Purchase Agreement
3 Months Ended
Mar. 31, 2017
Asset Purchase Agreement [Abstract]  
Asset Purchase Agreement

Note 4: Asset Purchase Agreements

 

During 2015 and 2016, the Company entered into separation agreements with several third-party GraphicMail resellers to terminate the reseller arrangements and for the Company to purchase the customer relationships that each had accumulated as a GraphicMail reseller. Pursuant to the terms of the separation agreements, the Company will make cash payments to the resellers in exchange for the rights to the customer relationships. The Company accounted for these purchases as intangible asset acquisitions. The aggregate estimated purchase price for the intangible assets acquired to date is approximately $731,000. As of March 31, 2017, approximately $108,000 of the total consideration was included in accrued liabilities on the Consolidated Balance Sheet.